Ep.4 Season 2 - Buying Gold and Silver - Understanding the Spot Price, Premiums and Total Spread

[@tennisgleem]

I like this guy.........approachable, professional, informative and legitimate, will definitely do business

[@nevending78]

very calm, thorough and informative. Legit guy

[@darrenpokorski7756]

Straight forward, no b.s., he understands the process and informs others

[@ZenkiCoyote]

Yup they chose the best guy honestly

[@jduff59]

Mark - this is an important video and I recommend this to any new stacker. Watch this video when you first start stacking, and then bookmark it and watch it again a couple months later. You may miss a few points, and when you watch later - they will seem more valid. Thanks again Mark, I'm grateful for this valuable info.

[@NAVYABHAN]

Looking in your Vault gives me even more ambition when things are a little difficult. Amen

[@javileon9698]

That was an excellent explanation on buying and selling. It answered all my questions thank you for this valuable information.

[@silverlover5817]

Thank you very much for the video. Please make another video for a tour inside this vault; it's nice to see those silver bars behind you!

[@wizeaux]

you explained premium so perfectly in 15 seconds wow you got a sub

[@lorieedwards180]

Excellent info, so clear to understand, learned a lot Thanks

[@SWPCayman]

Glad it was helpful!

[@kevinjoe1211]

he is very articulate and clarifies things very well...

[@OriginalGarth]

Thank you for been professional and informative. I love my equities and index funds. I just want to learn more about precious metals, but all across KZbin the topic seems to be covered by a more apocalyptic crowd. I've watched a few of your videos and I appreciate the calm and clear energy you have. You've gotten me to subscribe.

[@lobotomyscam1051]

The sky is falling!

[@chrisnstac]

This is absolutely the best definition & explanation I have heard- thank you!!!!!!

[@dragon.fromindia3235]

GOLD AND SILVER ARE SAFE INVESTMENT THAN CRYPTO DURING WAR TIMES...IN FUTURE GOLD REACH TO 2500$/oz and silver will reach to 92$/oz in this year 2022

[@TheGilbalfas]

This guy makes me feel good about investing in precious metals

[@KSASTAMPS]

An important facet about "Spot": Spot is the cash price currently paid for 1000 ounce industrial silver bars (minimum 5 bars or 5000 oz transactions). You can demand delivery of the industrial bars from the cash market, but it will take 4-8 weeks to get delivered as the depositories are not geared up to actually deliver silver. Normally, they just change ownership labels on the bars that sit on deposit. If you can EVER buy a small finished product such as 1 oz rounds or silver coin AT SPOT that is an unusual circumstance. The current huge premiums on small finished products simply shows that virtually all these products have been bought off the market. Due to the virus, there is virtually no new supply coming onto the market (mines and fabricators are idled). Even if a fabricator has to purchase in the spot market to obtain silver, it will still take 6-12 weeks for new supply to hit the market. Current pricing is pure supply and demand--no conspiracy needed to explain it.

[@maryamkhalid2613]

Means can I buy now silver?

[@btcarmo5356]

Nowadays dealers are buying back silver coin 20% above spot price, selling at 70% above spot but out of stock

[@ratlips4363]

I wish I'd found you a few years ago. Your information is spot on (no pun intended)

[@mostlikely...]

🎯😂

[@tonebonetones]

What most people are perhaps hoping, not unreasonably, is long term rises in spot will offset any deposit side of the total spread. In other words, the spread will be in their favour when they sell it in the future.

[@EnlightenedPatriot1]

Indeed. Prices are still far too low in what they should be, viewing how other commodities have gone up.

[@raniakme]

Very useful and simplifying jargons for newbie

[@mariwillalwaysgivethanks]

omg! Thank you for explaining such an important aspect of buying/selling metals!

[@garrycroft4215]

Nothing most of us didn't already know, however if spot is $15 and the premium is 10% then ship me some at $17

[@Eli-qr9hc]

In my experience with the major online dealers the ASE’s are the ones that are more expensive when comparing them to the Canadian maples

[@polishsilverstacker3246]

Video explains spot price for any beginner of precious metal stacking. Thank you!

[@noel6987]

Really enjoy your videos! Very professional!

[@Jorgecanelo94]

I love these videos. I just started investing in bullion and I've learn so much thru these videos! Thank you

[@stevegaspar]

Great video. I'm seeing closer to 30% for silver premiums from many dealers. It's getting crazy right now

[@FishyFun57]

Two years later premiums are still $9-$15. They haven’t gotten any better as today silver fell to $27.27 Canada spot price.

[@jimmygog290]

Very professional, very good info. Thank you all for making the videos

[@bluefm7370]

Basic concepts which you presented in a logical and straightforward manner. This was a great refresher and very informative,more than I expected, thank you, stay safe🙏🏻❤️

[@keepingitsimple88]

Hey Mark, I recently picked up a 5g Gold Pamp Suisse bar. I'm a gold bug, and proud.

[@chriswalters6148]

Great brand

[@keepingitsimple88]

@@chriswalters6148 I will keep stacking Suisse for sure.

[@petero958]

I want one of those 10oz Pamp Suisse bars in the special plexi case.. just gorgeous!

[@Kickey165]

What made you choose Pamp Suisse over other ‘brands’?

[@keepingitsimple88]

@@Kickey165 I prefer the way they let the gold shine through its solid finish and fine writing. The Canadian Maple or Silver Eagle, you cant see that fine finish, it is too engraved with imagery etc.

[@josephfallon7047]

Mark is very help full in understanding precious metals, and it can be very valuable, and profitable in the years ahead, however as many of us know that it will have the up in downs. It is a very interesting business to work in, and an awesome hobby. More to come. Joseph Fallon

[@scoooterbob2321]

Excellent beginner information! Explanation was easily obtained. Thanks!

[@Bomber848480015]

I am a beginner, that was awesome. One of the first things I noticed was the buy back price.

[@followedd]

The best video that I've seen about this subject. Very professional. Thank you so much!

[@thesarge4457]

Thank You so much for taking the time to educate people like me, the Rookie, very informative. definitely will watch this from time to time to help me keep learning. Thank You Sir.

[@khalidwalid3178]

Fantastic explanation, but i have one simple question. In every gold websites you can see the spot price,but is that the gold bid or gold ask spot price viewed?

[@TheGilbalfas]

Very educational. You make me just want to buy bars...maximise my return. But some dealers don't tell u buy back price so you never know the spread. But I will now be looking at that now and the premium. THankyou!

[@liqurmeup]

The spread is hower much money they want. It's made up daily. It's a scam.

[@olegpetelevitch4443]

It,s always in the favor of sellers ,mints and coin shops ! 35yrs experience !

[@baljinderpalsingh7003]

Thank you for all your help in understanding precious metals.

[@ludovicmatisse5445]

what is exactly the spot premium price? if I take this example, Gold Chart of this website goldavenue? (upper left corner) thx.

[@SWPCayman]

Hello Ludovic, Spot = Ask Premium = The amount over spot that you are paying for a product. Please note that these prices are ever changing. Should we do a video explaining and breaking down how to calculate premiums ? -SWP

[@robertson7693]

It’s a new year with bright and beautiful ideals , hope you’ll got a huge list for this 2021 . Coz last year was messed up due to many weren’t wise enough to consider investment . But the question, what will you achieve this year?

[@eusebiolima1025]

Nothing other than the gift of life. And I have consider venturing into something lucrative and profitable , last year was a lesson to everyone especially me . Well seeing 2021 is enough reason to sit down and think about your financial life .

[@molleyjake333]

Please tell me more about this , I really have to plan for myself this new year

[@davidgarry3449]

if you knew about bitcoin since 10years ago you won’t be poor ever again. But the truth is that is never late to bitcoin, this year bitcoin is hitting the moon .

[@robbie6028]

@Hbob So true. I’m retired and just started three weeks ago. I have earned $24,000 with just $9,000

[@marksonhenry4377]

My first bitcoin investment of Mrs Sophie Clare Williams gave me profit over 10,000 usd and ever since then she has never failed to deliver and I can even say she’s the most sincere person I have known.

[@codyh123ful]

only catch is, any physical silver you can buy right now and for the last year and a half has been roughly 70-100% over spot. when will paper price reflect real(price the dealers offer us back)?

[@LuisluigiTexas]

When buying gold or silver bars. Does it matter what brand it is ? Or what matters is that the online dealer is reputable and it’s listed as 0.9999 pure silver or pure gold. ? I’m talking In terms of resellability in the future depending what brand it is. And the other question is whether buying items on sale on those websites such as Jm billion and others is a good thing or are those items on sale not recommended

[@Eli-qr9hc]

SDBullion has 2021 ASE’s 40.00 and 2021 maples 36.50. I couldn’t use your analogy in this experiment. The ASE’s are the ones that are more expensive. (+3.50)

[@latinbeater1]

Looking for the list of 10 best to buy?

[@unclemikecruz]

I just started to stack coins. This is a very informative presentation for me.

[@B400]

Please explain the process of stacking coins?

[@maryperrysmith5815]

You are doing exactly what I need to know thank you tons

[@SWPCayman]

Glad you found what you were looking for!

[@hunterhamilton7111]

Great video! I love it how he explains the premiums involved with Silver, that is why for me, selling Silver is much more profitable than owning it.

[@82dockmaster]

Hi sir can you open a topic between whit gold, rose gold, yellow gold when it comes to advantage and different factors.

[@benjaminlehman3221]

Can you make a video about different brands and mints?

[@robertwidby2205]

GOOD SHOW MARK. A QUESTION: I HAVE AN APPOINTMENT TO BUY $500 in 90% CONST. SILVER TOMORROW. HOW MUCH SHOULD I EXPECT TO GET FOR THAT? Thanks

[@livinglifeonlifesterms2450]

Thanks bruh very educational and applicable. New subscriber.

[@DorangoBread]

I just bought some silver American Eagles for about $40/oz from Apmex. But the spot price is $27/oz. You're telling me I can sell it at discount for like $26/oz? Did I just get scammed and lose like 40% value on purchase?

[@captainsplash24]

Great video. Just started investing and I learned a lot watching your video. I checked your channel and is very professional and well produced but don’t see recent videos. Do you have a different channel?

[@lbeckford77]

Extremely informative and well presented. Thank you.

[@DrGirth]

You mentioned about listing the coins with lowest Spread ! Can you post them please

[@michaelbarry7389]

Prices excludes shipping??

[@averagejose9949]

Very informative, spot on, thank you very much.

[@SWPCayman]

Glad it was helpful!

[@ronrandall7118]

When the time comes to sell PM's, how do you sell the PM's in a private vault above spot price? For example, if you hold PM's in a private vault (overseas), instead of selling back to the seller at spot price and they gain the premium as pure profit + a commission/sellers fee, how else can you sell and gain at least a partial of the spot price + premium?

[@Rosy_corner]

This was very informative, thank you!

[@SWPCayman]

Glad it was helpful!

[@eno88]

One year ago, as a newbie, I made a pretty stupid and negativistic comment. After learning a lot more, and having started investing in metals since then, I'm retracting everything I said. I had misunderstood the purpose of it all, it's not about making money, you're not "playing the stock market", it's not about having something nice and shiny to look at (even though it is nice and shiny to look at). It's about hedging against inflation, it's a lifeline in case the economy goes tits up. It's the "money" in your mattress that never* loses its value. @SWP you guys have made here an excellent video on HOW to invest, but the WHY wasn't in there. It took me quite some time to realize that part, and I'm glad I was stubborn enough to not give up.

[@justint.4254]

Spot price doesn't work in an honest way, but your explanation makes sense for a real market.

[@Avicena-tf5uj]

I don’t care if I pay a few dozen bucks extra here or their for premium. I buy for the long term, I’m expecting 10,000 $ an ounce gold 2024

[@xxterribleone1899xx]

Interesting. The housing collapse didn't even get the ounce over 2,100 by 2011. But I mean. I guess 10k is possible. I'm just wondering what has to happen to us to get that price?

[@Avicena-tf5uj]

xxterribleone1899xx well to invest in Gold is to bet that the US economy can not sustain itself without, A. Writing off all or most of private and nation debt or B. Throw money out of helicopters into accounts of banks, corporations, businesses and individuals and do it under the disguise of bail out or stimulus to keep the system running. They have been pursuing option B for many decades now and it is intensifying rapidly with these recent stimulus checks. Russia, China, India and many others, are positioned to stop demand of US currency for their own trade. Combination of scenarios which is playing out now will seal the coffin on the dollar. In 2008 only Sadam, Ghaddafi and the Taliban posed a threat to the US dollar by deciding to trade oil and gas in gold and non dollar currencies and we bombed them. The Americans can not afford to bomb Russia India China, times are different this time around

[@markfrance9924]

Arya viejo Don’t be so sure. China and Iran are looking for a beating right now.

[@silverfan2196]

Your living in a dream world gold will never get there it's time to wake ☝ people. There ripping you off right now because it's hard to get.

[@pablolucena4336]

I’m with you Arya, clearly some people here can only recall the past 20-30 years of history at best. Ignoring or outright dismissing possible outcomes that have happened many times, just not in the past decade.

[@kc8449]

What about hand poured metals in different shapes? Like skulls, etc? Are they worth buying?

[@kcash6359]

Depends on what you feel their worth is. As long as the silver content is there, they are worth the price of silver. How much the premiums would be to buy, or sell, would depend on the demand at that time. If you buy a skull, how many buyers would want to buy a skull compared to Silver Eagles. Sure, the skull is cool, but the demand for a silver skull would never be as much as the demand for an ASE. But, if you are collecting for your own personal pleasure, grab one, or more.

[@williamlindsey2048]

What about long-term and short-term investment say for instance if I buy a 10 ounce bar of gold which I am planning to do how fast would it gain value

[@richardjr]

Thank you for your help ! Richard Jr.

[@SWPCayman]

Happy to help!

[@ShaneyElderberry]

This is why it's practical to trade these metals for other valuable crafts and arts in person. For examples, someone might trade a few kg of silver for an exceptional painting directly from an artist.

[@ect8565]

My local dealer is charging 68.4% over spot for silver coins.

[@nicholasmohammed36]

What a thief !

[@chriswalters6148]

@@nicholasmohammed36 yes terrible

[@xxterribleone1899xx]

Hey, he got bills to pay. lol

[@liqurmeup]

That's what I am saying. They make up this SPOT price as they see fit. Fuck them, it's all a scam.

[@georgethebear1812]

Did you buy at that mark-up

[@SoCalFreelance]

Interesting you didn't mention the historic norms for PM bullion premiums compared to what we're seeing today which is outrageous.

[@Kickey165]

SoCalFreelance I’m curious to know what an acceptable premium should be today, for gold and silver? Would you know?

[@SoCalFreelance]

@@Kickey165 Yes, I would know because I've catalogued every purchase I've made over the past six years to include what I paid and the spot price. So historically I've paid premiums between $2.29 - $4 over spot for common silver bullion coins like ASE, Maples, Britannia. Always pay by check and purchase in bulk (in tubes) rather than individual coins. The premiums for silver kilo coins and bars is even less than that. My 100oz bar was $1.21/per oz over spot (!) which is the norm. I will make a video covering all this.

[@julienpastis3355]

SoCalFreelance you’ve earned a sub :) and to answer to the question, I guess because he has something to sell... even today hahaha

[@Kickey165]

@@SoCalFreelance Thanks for the information! I look forward to your video as well.

[@davide4607]

It's called supply and demand.

[@dcooper004]

Mark....I’m a newbie and that was really good....thanks

[@SWPCayman]

Glad it was helpful!

[@thunderstorm864]

I want some silver and goldI need know which place is better buy those and cheaper or better price

[@paganphil100]

In the UK: www.bullionbypost.co.uk/ In the USA: www.bullionbypost.com/

[@christurgeon6277]

Extremely informative thank you!

[@xskalibur]

Very informative video! Thanks!

[@towdjumper5]

Great information video. Thx for sharing.

[@SWPCayman]

Glad it was helpful!

[@gratefulgirl2079]

Is scrap silver the same as junk silver?

[@danavipuzzles7308]

It seems to me that the spread with rounds is usually the lowest spread, which is why I stick with them rather than coins. Not interested in having to worry about, calculate, and negotiate premiums if and when I ever sell. I'm stacking for the metal value as a long-term hedge against inflation, not for the premium value and not for a quick profit. I'm hoping to hold on to them for many years, hopefully decades, at which point spot will likely be much higher than it is now anyway. If and when I ever sell, I'll be fine with getting a bit under spot for them.

[@7736164]

same strategy as me, my friend. About 90% of my total stack consists of 20oz tubes of 1oz round/generic .999 coins, .999 10oz Bars and 1kg Bars. When I first started stacking I was buying American Silver Eagles at US$25.00 per oz when the spot price was US$14-15.... I've done the maths on my purchases and I'm much better off buying locally-minted New Zealand Silver Fern .999 1oz coins & bars at 5% above spot price, which are genuine .999 quality anyway, than paying the 50-70% premiums for ASEs and Perth Mint coins. When it comes to sale time in a few years the dealers will only offer around spot or slightly below spot price anyway, and in a few years the price will be higher than US$14-17 anyway, in fact I'm not going to sell until it goes above US$60 per oz... so I will have made a tidy profit regardless. Pure silver is pure silver.

[@kcash6359]

I agree with both of you for the reasons, although I have both rounds (bullion) and ASEs. The only time I can think where selling rounds for a great deal under spot would be if the manufacturer of those rounds, for whatever reason, might be unpopular at the time. If you are selling to dealers, they would be looking to re-sell those rounds, and if they aren't selling very well, they would have to lower their purchase offer to buy from you.

[@josephgraham1065]

I agree you will get much more silver buying the generic vice the premium which will make up the difference when you sell.

[@X-Factor-by2kz]

It’s my observation that ASE have a higher premium that the SML coins. That in itself is interesting because the SML is .9999ag whereas ASE are only .999ag. At the end of the day I’m not sure how much that matters. I just bought a Type 2 2021 ASE for $40 but now silver spots around $23. But sellers are still selling for well over $30 for them. That spread is just too much IMO.

[@benstone5650]

Damn good education for this beginner!

[@SWPCayman]

Glad you enjoyed it and think so !

[@dapurnori7427]

Very informative. Thank you

[@MrSDS8]

Hey Mark, are you in your business ever confronted with silver coin bars? I'm assuming not, but for me being from Europe it's one of the better VAT free low premium solutions to own silver in our own custody. Fiji Argor Heraeus and Cook Islands Perth Mint or Heimerle Meulemans seems to be the most common 1 kg and 5 kg. Do you ever see them outside of the European market? I don't know the silver VAT regime globally.

[@G74562]

what are the best places to buy that you would recommend?

[@joshflugel]

Very technical and clearly explained.

[@geckster109]

8:00 when did the GSR drop to 80???

[@crystalsheep1434]

6:26 like the coins ... Like the stock

[@SWPCayman]

Glad you enjoyed! Cheers!

[@happyseralstudent]

What are your thoughts on the old fractional European gold coins, such as the 20 franc?

[@julienpastis3355]

Kai Wusky cool if you have a good deal on it or if it’s the only stuff available, any good is better than no gold, but if you can afford it go for modern 1 once coins, they’re just better and harder to counterfeit.

[@christianmuller292]

Live in France and both 20 franc gold coins (because you've got two different ones, them being the 20 franc swiss vreneli and the 20 franc french napoleon. are way more popular in western Europe then even the 20 dollar double eagle. Not sure if they trade well in northern america though. But I don't see how you can go wrong with gold if you can find it.

[@julienpastis3355]

Christian MULLER exactly, we get so fucked when buying silver or gold in France, that any good deal is a good one, bought 12 euros per ounce a bag of 5kg of silver 5 francs called chartreuse, nobody likes them, but hey 12 euros per ounce... and 5kg of silver junk :)

[@EnglishVeteran]

Another consideration is Tax. In England you do not pay VAT on Gold but you do on Silver. You pay Capital Gains Tax on Bars but not Coins.

[@Pantera2738]

thanks for the info, im new in this im from Argentina... i like to know how you manage to know the reputation? i buy a bar of 2.5 grams of gold from a swiss place and the certificated was from 1979... im thinking i was rob by this person...but its gold... sooo i dont know

[@AnonomusKity]

You can use the specific density test to figure out if your tiny gold bar is actually real. All you need is a scale, string, cup of water, and calculator.

[@xxterribleone1899xx]

Hola Che! lol Went there this past Oct. Buenos Aires, cool place. How is the precious metals community there? I really couldn't find a bullion dealer. I heard at certain banks you can buy lingotes de oro? Is that true? I couldn't find one.

[@julienpastis3355]

xxterribleone1899xx the community is bad and very small, like most 3rd world countries. Yes, you can buy from banks, but precise amounts and at outrageous prices.

[@julienpastis3355]

Lucas Luna how much did you buy it, and what brand is the certificate coming from ? If the coin was made in 79, it’s legit. I could be.

[@xxterribleone1899xx]

@@julienpastis3355 Crazy. Argentina just recently had a bad hyperinflation situation didn't they? I would imagine everyone would be buying silver and gold. Even my gf's family thought I was weird when I asked them if they buy precious metals. lol

[@robertmcgee7083]

OR, you sell your coins privately, you make above spot instead of getting burned by a dealer.

[@Lehearthos]

Completely agree.

[@21rhocke]

Do you have any experience with that personally? How would you go about it?

[@bloodorphanreti3621]

I bought 20k of coins when gold was 850 20k in coin at 950 and 15k at 1130 $ or so and now with the bulk of my coins bought and the price of gold doubled now goldline is still trying to tell me I am just breaking even. Talk about feeling like there trying to rip me off. Any advice?

[@phoenixexploration3301.1]

@@bloodorphanreti3621 Just wait. Elections, conflicts, Viruses, all these can make the spot go up. I'd wager a month before the election could be the best time. And try and sell locally, if possible.

[@billstac9162]

Selling privately usually means advertising .too dangerous

[@tiedtight6895]

This video was needed 💯 💯💯

[@SWPCayman]

Glad you enjoyed it!

[@stevenhalf3078]

robbed when you sell, robbed when you buy.

[@joycekoch5746]

@ykshootraw x Totally agree. I got killed for years trying to sell silver without getting cheated - it is much easier to deal in Krugerrands and sell them at a price at or even above spot.

[@ryanbianchi6582]

Sounds like you got "cheated" because you were not educated

[@joycekoch5746]

@@ryanbianchi6582 Education in the precious metals market in the 70's was not as easy to arrive at in the metals market. Now, if happens to one it's ones own fault with the information all over the place but 45 years ago it was not the same landscape. Lucky, even after getting burned, I did not sour on it and the school of hard knocks made me into a better investor. Something like this is good for young investors as it makes them wiser over time. I now am able to help younger folks wanting to enter into this area.

[@joycekoch5746]

@ykshootraw x If you have no debts go ahead and buy gold and silver provided you have at least 5 months of saved money of expenses in a emergency fund. Always have the emergency fund first, zero debt second then invest. Only invest in things that you are willing to wait 5 years on. Whenever you feel uncertain, you can dollar cost average, that is buy it in small bits over months so you get the average return. And of course, don't invest till you have zero debt first.

[@jung.k]

@@joycekoch5746 well if you try to sell during decade long bear market they are not gonna give you good price.

[@x2v222]

Thanks Mark! Great video!!.. I started buying silver and realized a big dent at the back of the bar? Does this affect its resale value?.

[@spiff2003]

No

[@chuckchapdelaine6110]

I already “liked” the video, but I watched it again to pick up on other knowledge, and would give you another “like” if I could!

[@betod3113]

oh okay know I understand the spot price never understand it thanks for explaining 😊 👍

[@victorbruce3315]

I'm paying around $4 per coin on premiums like Libertad by Mexican Mint But I'm not sure how much is the resale value is

[@patbaldizan6168]

What do you think about. The dealer ... Money metals ??? Anybody can answer

[@Bill-xx2yh]

Great channel, thank you. PS. Your vault would be a GREAT Bread and Breakfast.

[@stevenpaulk8788]

What about capital gain taxes. Which would be better then?

[@EnlightenedPatriot1]

Useful info, thanks. I wish I'd known all that 9 years ago when starting off, but am hopefully not in too bad a position, avoiding graded/proof and collector coins - except all 3 beautiful Queen’s Beasts collections. I think buying Capital Gains Tax-free legal tender coins for me in the UK has influenced my choice of coin, but not all, I do like a variety. I slightly regret buying 2 or 3 1kg silver bars back then (when price was high), plus a 1kg Kook coin, purely because they cost less per oz. Still, they should come good in time. All better than the fiat currency depreciating in a bank.

[@josephgraham1065]

I would think that if you purchased the generic rounds instead of the premium rounds the difference in the amount of silver you get will make up for the difference in sell cost.

[@goldenblooms6672]

Canadian Maple Leafs are 24k and Eagles are 22k. Why is the Eagle bought back for more money if it’s not as pure? Just wondering is it because America prefer American Eagles rather than the Canadian coin?

[@FishyFun57]

Yes and the American market is 10 times the size of our Canadian market. We just don’t have enough stackers/collectors in comparison!

[@wosimtahan8576]

Holly shit the amount of gold and silver behind him is worth billions of $ never seen so much money in one place amazing most people have no clue how much money that is

[@devilsandwich8849]

Billions nah hundreds of millions yes

[@bookbearerplus]

Great explaination. Thanks!

[@HifiCentret]

Unless you have an idea of a quick profit I'd suggest only looking at the buy price for regular world wide recognized bullion like Eagles, Maples, Krugerrands, Philharmonics etc. My impression is that what dealers give the most for when selling to them fluctuates over time. For regular non collectors bullion in Europe they usually pay the same. Semi collectors items like past years of lunar series etc. they might give a little bit more for but they also sells for more and overall it's not a great deal if looking at silver side of it. Selling privately you might have a little better profit on the lunar series but it really depends on a lot of factors. The moral - unless you spot a great deal just stick to whatever regular bullion that is the cheapest. Sure if some is almost same price then you might choose the next cheapest. Personally I like to have a little diversity if difference is insignificant.

[@khallodah1]

Thank you Mark. good vid.

[@SWPCayman]

Glad you enjoyed it